Goldman Sachs Physical Gold ETF $AAAU Stock Holdings Lowered by Sage Rhino Capital LLC

Sage Rhino Capital LLC trimmed its holdings in shares of Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) by 56.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 16,212 shares of the company’s stock after selling 20,826 shares during the quarter. Sage Rhino Capital LLC’s holdings in Goldman Sachs Physical Gold ETF were worth $749,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capstone Wealth Management Group LLC bought a new stake in shares of Goldman Sachs Physical Gold ETF during the 1st quarter worth $2,894,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Goldman Sachs Physical Gold ETF by 17.9% during the first quarter. Integrated Wealth Concepts LLC now owns 9,583 shares of the company’s stock valued at $296,000 after purchasing an additional 1,453 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Goldman Sachs Physical Gold ETF by 52.9% during the second quarter. JPMorgan Chase & Co. now owns 73,967 shares of the company’s stock valued at $2,417,000 after purchasing an additional 25,585 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Goldman Sachs Physical Gold ETF by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 113,484 shares of the company’s stock valued at $3,709,000 after purchasing an additional 348 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in Goldman Sachs Physical Gold ETF in the 2nd quarter worth about $67,000.

Goldman Sachs Physical Gold ETF Price Performance

NYSEARCA AAAU traded down $0.16 on Tuesday, hitting $40.88. 227,481 shares of the company were exchanged, compared to its average volume of 3,159,516. The company’s 50 day moving average price is $43.45 and its 200-day moving average price is $45.86. Goldman Sachs Physical Gold ETF has a twelve month low of $32.27 and a twelve month high of $54.71.

More Goldman Sachs Physical Gold ETF News

Here are the key news stories impacting Goldman Sachs Physical Gold ETF this week:

• Positive Sentiment: Gold ETF demand is improving as weak jobs data, a softer dollar, and easing inflation/oil pressures strengthen the case for lower Fed rates, which is supportive for physical gold funds like AAAU. Gold ETFs Back in Focus as Weak Jobs Data, Softer Dollar Boost Bullion Rally
• Positive Sentiment: Gold continues to benefit from official-sector buying and constrained mine supply, with several analysts arguing the metal may have found a floor after its recent correction. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Neutral Sentiment: Gold is holding above key support around $4,100, but traders are fading part of the recent rally as Treasury yields and the U.S. dollar firm ahead of Fed minutes. Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields – Kitco AM Report
• Neutral Sentiment: Short-term technical commentary says gold is still trying to establish a floor and faces heavy resistance near recent breakout levels, suggesting continued choppy trading for AAAU. Gold Price Analysis – Gold Clings to $4,000 Floor Facing Heavy Moving Average Resistance
• Negative Sentiment: Some reports say gold is still struggling to break through resistance near $4,200, while stronger U.S. services data and firmer market conditions could delay a sustained upside move. Gold price continues to struggle as U.S. ISM Services PMI falls 54

About Goldman Sachs Physical Gold ETF

The Goldman Sachs Physical Gold ETF (AAAU) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in vaults located in the UK. AAAU was launched on Jul 26, 2018 and is issued by Goldman Sachs.